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L&T has not increased Satyam stake: CFO

L&T said it has not written to the govt expressing interest about getting control of Satyam.

Larsen & Toubro,India’s top engineering and construction firm,has not increased its stake in Satyam Computer Services this week nor has it written to the government expressing interest about getting control of the fraud-hit outsourcer,a top official said.

L&T last week trebled its stake in Satyam to 12 percent,making it the largest shareholder,a move it said was to protect its interests.

“No,we have not written to the government,” chief financial officer Y M Deosthalee told CNBC TV18.

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  • corporate India-5 Larsen and Toubro Ramalinga Raju Satyam Computer
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